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T SANKAR RAO (-)     03 October 2022

Bank deposit nominee

Sirs,

A Widow pensioner,  named her grandson (First son's son) as nominee to a Bank fixed deposit and died without writing a Will. Can that Widow's  Second son and Daughter challenge it in court for a claim as legal heirs?

 



Learning

 4 Replies

pankaj verma   03 October 2022

yes.....they can
1 Like

Advocate Bhartesh goyal (advocate)     03 October 2022

Nominees function is to receive the amount from bank , he is only trustee and has to disburse the amount to legal heirs.

2 Like

T SANKAR RAO (-)     03 October 2022

Thank you Sir for the reply.

P. Venu (Advocate)     04 October 2022

The funds are vested with the legal heirs. The nominee is only a trustee to receive the same on behalf of the legal heirs. If a legal heir, the nominee also gets his/her share.


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